Russian ambassador to the EU Vladimir Chizhov said yesterday (20 October) that Ukraine is counting on “international support” to pay off its $3.1 billion dollar (€2.43 billion) debt to Gazprom by the end of the month.
Greek Prime Minister Antonis Samaras seeks a confidence vote today (10 October) to rally support for his plan to abandon a widely-reviled EU/IMF aid package and end mounting speculation that his government is on its last legs.
There is not yet any macroeconomic analysis of Ebola's impact on West Africa, with IMF figures only indicating a modest decrease in growth for Liberia, Sierra Leone and Guinea. But NGOs on the ground describe the situation as “catastrophic”.
European Union officials support Ireland's request to be allowed to pay back early the International Monetary Fund's part of its bailout because of the money it would save Dublin, a senior EU official said on Monday (8 September).
Leaders of the BRICS emerging market nations launched a $100 billion (€73.5 billion) development bank and a currency reserve pool yesterday (15 July) in their first concrete step toward reshaping the Western-dominated international financial system.
The European Commission disbursed a first loan of €100 million to Ukraine on Tuesday. It is the first tranche of a 1.6 billion euro package that the EU pledged last month to help Kiev's struggling economy.
Portugal said yesterday (4 May) it would exit its three-year €78-billion bailout this month without a precautionary credit line, as the country returns to growth after years of painful austerity and unpopular reforms.
After Greece's successful return to the bond market last week, the time has come for European investment in the debt-ridden country, according to the Federation of German Industries. EurActiv Greece reports.